Suppose the United States puts a numerical limit on the number of imported cars from Japan and South Korea. This would be known as a(n)
A. natural barrier to trade.
B. tariff.
C. quota.
D. exchange rate.
Answer: C
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In the auto industry, abatement costs to combat global warming
a. will be unaffected by recent standards on GHG emissions b. should not affect vehicle prices c. are expected to raise vehicle prices but these costs should be offset by fuel savings d. none of the above
Between 2001 and the financial collapse of 2008, U.S. federal budget deficits hovered around
A. $150 billion. B. $400 billion. C. $800 billion. D. zero.
Approximately how many commercial banks are there in the United States as of 2017?
A. 7,300 B. 6,000 C. 8,500 D. 14,500
If a firm with variable costs of $14 million lost money and continues to operate, we may conclude that its total revenue is __________.
Fill in the blank(s) with the appropriate word(s).